Balfour Beatty sells its 50% interest in North Island Hospitals Project in Canada
19 September 2019
Balfour Beatty announces the completion of the sale of its 50% stake in the North Island Hospitals Project in Vancouver Island, Canada which comprises of the Campbell River and Comox Valley hospitals
Balfour Beatty’s 50% interest has been acquired by its existing partner in the project, Connor, Clark & Lunn Infrastructure.
The transaction is consistent with the Group’s strategy to optimise value through the disposal of operational assets, whilst also continuing to invest in new opportunities.
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Notes to editors:
- Balfour Beatty (balfourbeatty.com) is a leading international infrastructure group. With 26,000 employees, we provide innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth. We finance, develop, build and maintain complex infrastructure such as transportation, power and utility systems, social and commercial buildings.
- Our main geographies are the UK, US and Hong Kong. Over the last 100 years we have created iconic buildings and infrastructure all over the world including the London Olympics’ Aquatic Centre, Hong Kong’s first Zero Carbon building, the National Museum of the Marine Corps in the US and the Channel Tunnel Rail Link.
- Balfour Beatty Investments is an international infrastructure investor operating in the UK and US. We provide the investment capability required to deliver complex infrastructure projects. Over the past 22 years, Balfour Beatty Investments has established itself as one of the largest investors in the PPP industry, building a portfolio of more than 70 projects worldwide, predominantly in the UK and North America. In recent years, Balfour Beatty Investments has diversified into new markets including student accommodation and private rental sector housing (multi-family housing in the US).